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Peak Re's net profit falls 55%

Posted On: Aug. 29, 2019 6:22 AM CST

Profit down

Hong Kong-based Peak Reinsurance Co. Ltd.'s net profit fell 55% year-over-year to $13.5 million in the first half, Asia Insurance Review reports. Gross premiums grew 22% to nearly $816 million, while net premiums increased 16% to $570 million.

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